A DECADE OF SQUANDERED OPPORTUNITY by JM

JM’s Budget
Colloquy comprises a series of Posts which ran during the summer, 2015. The Colloquy traces the origins of the Province’s current fiscal crisis and offers suggestions as to
how we might address a situation threatening our society’s
economic viability.

Using a
decade of Budget data, readers are treated to an explanation of the exigencies
of our financial woes through careful explanation, graphs, and exhibits.  The “numbers” are digested in a way intended
to assist the lay person to comprehend what is often an obscure and arcane subject.

The seven “summer” Posts have been combined with JM’s two most recent; giving both preface
and postscript to this extraordinary work. The title “A Decade of Squandered Opportunity”
serves as a warning, as much as conclusion.


While the Budget Colloquy offers solid economic research and analysis it has a political
context, too. In particular, JM identifies the economic debacle as the real
legacy of the Danny Williams’ era. His insights have the benefit of
one conflicted neither by partisanship nor position.  In this Province, that is truly a rare find. – Des Sullivan

REMEMBERING BILL MARSHALL

Bill left public life shortly after the signing of the Atlantic Accord and became a member of the Court of Appeal until his retirement in 2003. During his time on the court he was involved in a number of successful appeals which overturned wrongful convictions, for which he was recognized by Innocence Canada. Bill had a special place in his heart for the underdog.

Churchill Falls Explainer (Coles Notes version)

If CFLCo is required to maximize its profit, then CFLCo should sell its electricity to the highest bidder(s) on the most advantageous terms available.

END OF THE UPPER CHURCHILL POWER CONTRACT: IMPROVING OUR BARGAINING POWER

This is the most important set of negotiations we have engaged in since the Atlantic Accord and Hibernia. Despite being a small jurisdiction we proved to be smart and nimble enough to negotiate good deals on both. They have stood the test of time and have resulted in billions of dollars in royalties and created an industry which represents over a quarter of our economy. Will we prove to be smart and nimble enough to do the same with the Upper Churchill?

2 COMMENTS

  1. Just skimmed through this long read. Excellent analysis. Will need to read the full piece again. A must read for anyone with concern of where our province is headed with our higt debt load. As one long interested in the hardships of our Depression era of the 1930s, and how it came about, and how our ancestors survived on the `dole`, this is clearly not a time to avoid taking this matter of increasing high debt lightly.
    Winston Adams Logy Bay